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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Strip malls
1180 Patrick Dr 101 Satellite Beach, FL 32937-3948
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US19-0709734
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1974
Construction
FRAME
Total area
5,180 SF
Lot
1.44 ac (62,726 SF)
Zoning code
C
APN
26-37-34-00-00011.5-0000.00
UPID
US19-0709734
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$531k
Blend (final)
Blend
$755k
Owner & transaction history
Oceanside Dev LLC · 7 yrs held
Oceanside Dev LLC
since 2019
7 recorded transactions
Zoning & alternative use
C · Satellite Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+63.2%
Office building
$1.1M
+59.7%
Retail stores
$890,000
+25.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Satellite Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Satellite Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Current use
AUTO REPAIR, GARAGE
$1,155,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$1,135,000
Change: +60% · Conversion: Moderate
RETAIL STORES
$890,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$830,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$146 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,797
Tax year 2023
Assessed value
$780,320
Assessed 2023
Previous assessed
$770,680
+1.3% YoY
Effective rate
2.15%
On assessed value
Assessed land
$422,000
Assessed improvement
$358,320
Land market value
$422,000
Improvement market value
$358,320
Total market value
$780,320
Applied tax rate
41.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Total area
5,180 SF
Lot
1.44 ac (62,726 SF)
Zoning code
C
APN
26-37-34-00-00011.5-0000.00
UPID
US19-0709734
Jurisdiction
BREVARD
Zoning & alternative use
C · Satellite Beach, FL
Zoning C · permitted uses
C · Satellite Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Satellite Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$890,000
MEDICAL BUILDING
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.44 ac
Current owner
From public records · entity-resolved
Oceanside Dev LLC
Entity
Mailing address
1180 S PATRICK DR #1, SATELLITE BEACH, FL 32937-3948
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2019
—
Oceanside Dev LLC
—
Deed
related
$462,500 · Florida First Cap Fin
Apr 24, 2019
$925,000
Oceanside Dev LLC
Schneller Marine INC
Warranty Deed
$462,500 · Bank Of America
Feb 25, 2004
$500,000
Schneller Marine INC
Houser Marine Industries INC
Grant Deed
—
Feb 25, 2004
—
Schneller Marine INC
Houser Marine Industries INC
Quit Claim Deed
related
$4,000 · Riverside National Bank Fl
—
—
Schneller Marine INC
—
Loan Modification
related
$306,630 · Space Coast Cu
—
—
Schneller Marine INC
—
Deed Of Trust
related
$346,882 · Space Coast Cu
—
—
Oceanside Dev LLC
—
Deed Of Trust
related
$462,500 · Florida First Cap Fin
—
—
Oceanside Dev LLC
—
Loan Modification
related
$384,000 · Bank Of America
—
—
Houser Marine Industries INC
—
Deed Of Trust
related
$50,000 · Us Small Business Admn
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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